PUMP Token Presale Participants Offload Nearly 60% of Holdings

Nearly 60% of participants in the PUMP token presale have sold or transferred their assets to centralized exchanges and other wallets, according to analysts at BitMEX.

It’s been almost 1 week since the @pumpdotfun ICO💊

From 10,145 participants who contributed $448.5M:

➡️59.6% sold or transferred
➡️37.4% continue to HODL
➡️3% increased their holdings

Our quant reveals traders are still BULLISH on $PUMP. Read on👇https://t.co/mIH0MN8Tby pic.twitter.com/pFdAa2FXfH

— BitMEX (@BitMEX) July 17, 2025

Out of 10,145 ICO participants, 6,042 wallets (59.6%) have disposed of or moved their tokens. Meanwhile, 3,791 (37.4%) continue to hold their assets, and 312 addresses (3%) have increased their positions since the launch.

The PUMP presale concluded in just 12 minutes, raising $500 million. Shortly thereafter, the token reached an all-time high of $0.006812. At the time of writing, the coin is trading at $0.005221 (-19.2%), according to CoinGecko.

BitMEX analysts noted that PUMP exceeded expectations. Typically, a large percentage of tokens unlocked at launch leads to aggressive selling and price pressure.

However, funding rates for PUMP remain positive, indicating market confidence in the asset’s potential growth.

The main concern is the declining volumes on the Pump.fun platform itself. In January, the figure was 11.6 billion, but by June it had fallen to 3.65 billion. If this trend continues, maintaining the current token valuation will be challenging, BitMEX highlighted.

The Meme Market

Since the beginning of July, the capitalization of the “meme coin” sector has grown by $17 billion, according to CoinMarketCap. The figure reached $72 billion, up 29% since June 30.

Daily trading volume at its peak exceeded $18 billion.

In the past seven days, Dogecoin, Shiba Inu, and Pepe have shown growth. However, the week’s leaders were Floki (+43%), Pudgy Penguins (+63%), and Bonk (+70%).

The rise of the latter is linked to a new launchpad on the Solana platform called LetsBonk, which Pump.fun ceded leadership to in daily revenue ahead of its initial coin offering.

According to DeFi Llama, the new platform’s revenue over the past seven days amounted to $8.25 million compared to $4.91 million for its competitor.

According to the aggregator Jupiter, LetsBonk’s market share reached 54.7% in a day, while Pump.fun’s was 38%. The new launchpad’s trading volume was $925 million, surpassing the “meme factory’s” $643 million.

Nevertheless, Pump.fun leads in the number of traders over 24 hours: 415,000 compared to LetsBonk’s 283,000. Liquidity on the former reaches $512 million, nearly ten times more than its competitor’s $53 million.

Back in January, the author of a thematic dashboard on Dune, known as Adam, concluded that most wallets in the top traders’ ranking on Pump.fun are controlled by bots.